Hello everyone, I'm new to the group and I want to say hello to you all.

The refund part is just to get you get committed to another deal that makes them even more  money than that refund.

I need some advise from you all before i move forward.How do you make the mortgage payment?

The coaches are making tons of money from coaching NOT real estate investing.  

That said, I wouldn't let projecting rates factor into my decision as much as whether or not you want to pull the extra $$ out.

Learn the trade at your door step and max.

I want to take this opportunity by qualifying for REP status.I have also been meaning to build 2 units in my backyard and put them on rent.

It would serve you well to discuss these definitions with appraisers and perhaps your local building authority before making a decision. 

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

Is there anything I can do to reduce the gain?